SPRE
SP Funds S&P Global REIT Sharia ETF
SPRE tracks a market-cap-weighted index of Shariah-compliant global REITs.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
155.5 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Toroso Investments |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 30, 2020 |
| Assets (mns) | $155 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GOODMAN GROUP | 12.4 % |
| EQUINIX INC | 12.2 % |
| PROLOGIS INC | 12.1 % |
| AVALONBAY COMMUNITIES INC | 11.0 % |
| WEYERHAEUSER CO | 5.0 % |
| EQUITY RESIDENTIAL | 4.9 % |
| MID-AMERICA APARTMENT COMM | 4.8 % |
| EQUITY LIFESTYLE PROPERTIES | 4.8 % |
| CAMDEN PROPERTY TRUST | 4.8 % |
| CUBESMART | 4.8 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 768 |
| Wgt avg mkt cap (mns) | $36,610 |
| Large cap (>$10bn) | 72.1% |
| Mid cap ($2-10bn) | 25.5% |
| Small cap (<$2bn) | 2.4% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 2.2% |
Country Exposure
 |
UNITED STATES | 82.1 % |
 |
AUSTRALIA | 15.4 % |
 |
MALAYSIA | 0.6 % |
 |
SINGAPORE | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.7% | 29.4% | 8.5% | -2.9% | -- | -- | 4.6% | Volatility | 15.9% | 17.1% | 19.0% | 20.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 70% |
| MSCI EAFE | 1.03 | 66% |
| MSCI Emg Mkts | 0.82 | 41% |
Liquidity Measures
| Avg. volume (000) | 49 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.76% |
| ADV of underlying (mns) | $2,050 |
Technical Indicators
| Recent close | $21.01 |
| 30d moving avg. | $21.49 |
| Annualized volatility | 22.3% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPRE |
Expenses vs. SPRE |
ALTAR Score™ vs. SPRE |
|---|---|---|---|---|
| JRE | Janus Henderson U.S. Real Estate ETF | 37.1% | +10 bp | +0.9% |
| RITA | ETFB Green SRI REITs ETF | 34.7% | -5 bp | +0.3% |
| PSR | Invesco Active U.S. Real Estate Fund | 32.9% | -20 bp | +1.4% |
| FPRO | Fidelity Real Estate Investment ETF | 32.3% | +4 bp | +0.0% |
| RWR | SPDR Dow Jones REIT ETF | 32.0% | -30 bp | +1.5% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 30.0% | -44 bp | +1.6% |
| INDS | Pacer Industrial Real Estate ETF | 30.0% | 0 bp | +1.0% |
| NURE | Nuveen Short-Term REIT ETF | 29.9% | -20 bp | +1.0% |
| FRI | First Trust S&P REIT Index Fund | 28.2% | -5 bp | +1.2% |
| USRT | iShares Core U.S. REIT ETF | 28.1% | -47 bp | +1.7% |
Risk and Returns: SPRE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SPRE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SPRE
4.6%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. SPRE's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places SPRE in the 54th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPRESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| SPRE (55 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPRE | 55.0 | 75.7 | 130.7 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .